British Airways pilots could take pay cut -paper

* Pay cut part of a range of cost cutting measures

* Discussions with pilots' union continuing

* To review all options as part of pension funding review

LONDON, June 7 (Reuters) - Pilots at British Airways Plc (BAY.L: Quote, Profile, Research) could take an unprecedented voluntary pay cut following talks this week on a number of cost-saving measures, the Sunday Times reported, citing industry sources.

The range of measures, which include a small across-the- board pay cut, will be discussed with the BA section of BALPA, the UK's pilots' union, the paper said.

"Discussions with BALPA continue," said a spokesman for the airline. "We would not discuss the details of these discussions while they are continuing."

BA, Europe's third-biggest airline by revenue, is facing a fight for survival, Chief Executive Willie Walsh said on June 2. The airline posted a record annual loss last month and scrapped its dividend. [ID:nL1435540] [ID:nLM183816] There has also been speculation that BA could follow Barclays Plc (BARC.L: Quote, Profile, Research) and close its final pension scheme. [ID:nL31032549]

A full actuarial valuation of the retirement scheme is under way with results expected to be presented to the funds' trustees in the autumn.